DXY bullish momentum falters at the 93.30 region. The six-month support line holds the downs. The US Dollar Index (DXY) appears to have encountered a fairly stiff barrier at the 93.30 zone for the time being. That said, if the index manages to outrun this area, ideally in the very near term, then the door […]
Tag: Index Dollar
US Dollar DXY Index Consolidates Above 93.00 Level Before CPI and Powell
The DXY index looks firm and is advancing above the 93.00 level on Thursday. Investors’ attention continues to be the pandemic and possible vaccines. Inflation figures and initial US jobless claims will be released today. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, seeks to […]
The US Dollar Index is trading firmly above 93.00
DXY breaks the 93.00 barrier and hits 4-day highs. Optimism around a coronavirus vaccine continues to mount. MBA mortgage applications were down 0.5% weekly. The buoyant momentum of the dollar remains strong and pushes the US Dollar Index (DXY) above 93.00 on Wednesday. US Dollar Index at Multi-Day Highs The index resumes higher on Wednesday […]
The rise remains capped at the 93.00 level
The weekly rise in the DXY index remains capped near the 93.00 level. Minor hurdles appear at the 55 and 100 day SMAs. The DXY index extends the sideways movement for another day, although it still cannot retest and break above the key 93.00 level. That said, there is now scope for further range movement, […]
US Dollar Index struggles to stay the course around 92.72
The top of DXY it appears limited around the 93.00 area. Democrats win, the pfizer vaccine keeps the dollar under pressure. Mortgage applications from the MBA they only expire in the US data space. The dollar alternates gains with losses in the area of 92.70 when tracked in the US Dollar Index (DXY) on Wednesday. […]
Aim higher and look for a triangle breakout on the 1 hour chart
USD / JPY bulls look to extend rally towards 106.00 level A breakout of the symmetrical triangle is likely on the 1 hour chart. USD / JPY has regained the 21-hour SMA amid a bullish RSI. The USD / JPY pair is following the rebound of the US dollar across the board, as optimism over […]
The Fed is ready to do whatever it takes to support the economy
The president of the San Francisco Federal Reserve, Mary Daly, he told Reuters on Tuesday that he sees a moderate and gradual recovery in the US economy going forward. Additional conclusions “The increase in COVID-19 cases creates uncertainty and could slow the pace of growth.” “The lack of resolution on the political process adds to […]
Rosengren says that a large number of companies will have a hard time surviving even if the virus is contained
Even if the coronavirus is contained relatively quickly, a large number of companies will have a difficult time surviving Boston Federal Reserve Chairman Eric Rosengren argued Tuesday, Reuters reported. “We have seen many banks significantly toughen credit standards Rosengren added.The assumption that we would not have a second wave of viruses and that we would […]
Excessive Risk-Taking Behavior Ahead of a Second Wave of COVID-19 Likely to Delay America’s Recovery
“More fiscal and monetary adjustments are appropriate now that a second wave of COVID-19 infections is underway in the United States,” he said Tuesday. the chairman of the Boston Federal Reserve, Eric Rosengren, Reuters reported. Additional conclusions “Excessive risk-taking behavior before COVID-19 is likely to delay America’s recovery.” “Women and minority workers are disproportionately affected […]
Job offers and job rotation survey changes little to 6.4 million in September
JOLTS job postings changed little in September. The US dollar DXY index falls towards 92.60 after this data. The number of job vacancies in the US stood at 6.4 million on the last business day of September, as reported by the US Bureau of Labor Statistics in its latest survey of job openings and job […]
